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Provedor de dados:  AgEcon
País:  United States
Título:  Market Power and Supply Shocks: Evidence from the Orange Juice Market
Autores:  Wang, Honglin
Xiang, Qing
Reardon, Thomas
Data:  2006-03-14
Ano:  2006
Palavras-chave:  Marketing
Resumo:  The orange juice market is a “weather market” because of its high geographical concentration and the natural characteristics of orange trees. A few hours of a freeze in Florida is enough to cause a supply shock to the orange juice market. How do oligopolistic firms react to supply shocks – do they become more collusive or more competitive? This paper empirically examines the proposition and finds that the level of market power of orange juice firms decreases significantly, and the market becomes more competitive during supply shocks even though prices rise.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  20207

http://purl.umn.edu/11508
Editor:  AgEcon Search
Relação:  Michigan State University>Department of Agricultural Economics>Staff Paper Series
Department of Agricultural Economics Staff Paper 2006-02
Formato:  21

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